Asia Pacific Piezoelectric Actuators and Motors Market Drivers and Forecasts by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia Pacific Piezoelectric Actuators and Motors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Piezo Motors and Piezo Actuators) and Application (Automotive, Industrial and Manufacturing, Medical, Aerospace, Consumer Electronics, and Others)

Report Date : Oct 2021
Report Code : TIPRE00025357

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 132

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The piezoelectric actuators and motors market in APAC is expected to grow from US$ 6,122.97 million in 2021 to US$ 11,130.66 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. The rising application of piezoelectric actuators and motors in automotive systems is fostering market growth. Piezoelectric actuators convert an electrical signal into mechanical movement; hence, they are widely used for adjusting mirrors, lenses, and other automotive parts. Also, piezoelectric technology is being widely used in fuel injectors. With the help of this technology, the fuel injection accuracy has increased, and the injector leakage has reduced significantly, compared to the conventional technologies. This has resulted in increased fuel efficiency of commercial and passenger vehicles, with less carbon emission. Further, the additional application of piezoelectric has been witnessed in fuel pumps, high-speed valves, keyless door entry, seat belt buzzers airbag sensors, airflow sensors, and tire pressure sensors, among others. Also, piezoelectric actuators have been largely used by automobile companies, specifically in the suspension system and seat adjustment controls of vehicles. Moreover, piezoelectric actuators are finding applications in the braking systems of electric vehicles. Thus, the increasing adaptability of piezoelectric actuators and motors in the automotive sector is driving the piezoelectric actuators and motors market.

APAC constitutes the world’s two most populated countries China and India. Also, the region consists prominent automotive manufacturing countries. China, Japan, India are a few prominent automobile manufacturing countries in the region. Also, region represent one largest manufacturing industries across the globe. The COVID-19 outbreak has brought the entire manufacturing industries to a halt, causing major supply chain disruptions. As a result, supply chain has been disrupted and caused shortage of raw material that required for piezoelectric actuators and motors to manufacture. Thus, the overall decline of manufacturing industries hampered the demand for piezoelectric actuators and motors across APAC during the first two quarter of 2020. However, with the resumption of several economies in the region, the manufacturing activities of automotive and consumer electronic goods has slowly resumed and rise in demand of these products are supporting the APAC piezoelectric actuators and motors market growth. Thus, the market is projected to recover steadily over the coming period and gain traction for piezoelectric actuators and motors during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC piezoelectric actuators and motors market. The APAC piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period.
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APAC Piezoelectric Actuators and Motors Market Segmentation

APAC Piezoelectric Actuators and Motors Market – By Product

Piezo Motors
Piezo Actuators

APAC Piezoelectric Actuators and Motors Market – By Application

Automotive
Industrial and Manufacturing
Medical
Aerospace
Consumer Electronics
Others

APAC Piezoelectric Actuators and Motors Market, by Country

Australia
China
India
Japan
South Korea
Rest of APAC

APAC Piezoelectric Actuators and Motors Market - Companies Mentioned

APC International, Ltd.
CEDRAT TECHNOLOGIES
FAULHABER Group
Johnson Electric Holdings Limited
Microfine Materials Technologies Pte Ltd
Physik Instrumente (PI) GmbH & Co. KG.
Piezo Electric Technology Co., Ltd.
PiezoMotor Uppsala AB
piezosystem jena GmbH
TDK Corporation

Asia Pacific Piezoelectric Actuators and Motors Report Scope

Report Attribute	Details
Market size in 2021	US$ 6,122.97 Million
Market Size by 2028	US$ 11,130.66 Million
Global CAGR (2021 - 2028)	8.9%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Piezo Motors and Piezo Actuators By Application Automotive Industrial and Manufacturing Medical Aerospace Consumer Electronics
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	APC International, Ltd. CEDRAT TECHNOLOGIES FAULHABER Group Johnson Electric Holdings Limited Microfine Materials Technologies Pte Ltd Physik Instrumente (PI) GmbH & Co. KG. Piezo Electric Technology Co., Ltd. PiezoMotor Uppsala AB piezosystem jena GmbH

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific Piezoelectric Actuators and Motors Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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